Data Analysis
The release
Released by the Bureau of Labor Statistics on 12 June 2025 at 8:30 AM EDT. The Producer Price Index came in at 0.3% for May 2025, against -0.3% in April 2025. Producer prices are rising again, after a fall.
It arrived at the same moment as Core Producer Price Index, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How Bitcoin moved
Bitcoin was at $106,978.94 when the figure came out. Fifteen minutes later it was 0.4% higher, and an hour later 0.14% lower. Its high-to-low range in the hour after was 0.64% of its price, against 0.3% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 1.92x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 1.96x, against a typical 2.30x. That is about what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
What made it matter
Since 2021, PPI releases in the two weeks before a Fed decision have moved Bitcoin about as much as those at other times: a median volatility ratio of 2.18x across 29, against 2.05x across 41. This one came out 6 days before the Federal Reserve's 18 June rate decision. Its own ratio of 1.92x compares with 2.18x for those, about what its circumstances would suggest.
Its record
Across 70 PPI releases since 2021, Bitcoin's median volatility ratio is 2.08x.
What it means
Bitcoin recorded an ordinary reaction to the May Producer Price Index release and the bundle of data that arrived with it. Volatility reached 1.92 times normal levels in the quarter hour after the print, a touch below the 2.08x median observed across 70 PPI releases since 2021. The price rose 0.4 percent in the first fifteen minutes before giving back most of the gain, leaving a one-hour net change of minus 0.14 percent. The hourly high-low range expanded to 0.64 percent from 0.3 percent beforehand.
The release fell six days before the June Federal Reserve decision. Because Core PPI, Initial Claims and Continued Claims printed at the same moment, the measured response belongs to the group rather than any single figure.
Trading volume rose 1.96 times above the day's baseline, again near but below the 2.30x typical multiple for this event. Traders preparing for the next PPI release can note that proximity to a policy meeting has not produced materially larger moves in the record, and that the size of any surprise relative to the event's established sensitivity remains the more relevant variable to watch.
About Producer Price Index
The Producer Price Index (PPI) measures the average change over time in the prices domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indexes measuring producer prices by industry and product category. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
108,520.95Close
103,721.5224h Change
-4799.43 (-4.63%)24h High
108,759.0024h Low
103,575.3524h Volume
21,084 BTCUS Producer Price Index
Bureau of Labor Statistics
12th June, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 106976.25 | 106979.10 | 106976.25 | 106978.94 | 0.00% | 0.00% | 3 BTC |
| During | 106978.94 | 107076.00 | 106961.94 | 107051.84 | 0.07% | 0.11% | 51 BTC |
| 5 Minutes | |||||||
| Before | 106976.01 | 107005.62 | 106952.52 | 106978.94 | 0.00% | 0.05% | 25 BTC |
| During | 106978.94 | 107197.49 | 106961.94 | 107174.70 | 0.18% | 0.22% | 104 BTC |
| 10 Minutes | |||||||
| Before | 106955.56 | 107016.74 | 106904.30 | 106978.94 | 0.02% | 0.11% | 74 BTC |
| During | 106978.94 | 107301.71 | 106961.94 | 107269.20 | 0.27% | 0.32% | 154 BTC |
| 15 Minutes | |||||||
| Before | 106916.66 | 107016.74 | 106897.45 | 106978.94 | 0.06% | 0.11% | 110 BTC |
| During | 106978.94 | 107431.82 | 106961.94 | 107407.35 | 0.40% | 0.44% | 271 BTC |
| 30 Minutes | |||||||
| Before | 106900.95 | 107035.65 | 106870.00 | 106978.94 | 0.07% | 0.15% | 298 BTC |
| During | 106978.94 | 107431.82 | 106960.00 | 106988.54 | 0.01% | 0.44% | 465 BTC |
| 1 Hour | |||||||
| Before | 107029.37 | 107187.32 | 106870.00 | 106978.94 | -0.05% | 0.30% | 678 BTC |
| During | 106978.94 | 107431.82 | 106745.54 | 106833.28 | -0.14% | 0.64% | 818 BTC |
| 2 Hours | |||||||
| Before | 107285.49 | 107366.79 | 106870.00 | 106978.94 | -0.29% | 0.46% | 1,198 BTC |
| During | 106978.94 | 107556.51 | 106600.00 | 107477.93 | 0.46% | 0.89% | 1,852 BTC |
| 4 Hours | |||||||
| Before | 107808.02 | 107833.48 | 106870.00 | 106978.94 | -0.77% | 0.89% | 1,900 BTC |
| During | 106978.94 | 107858.32 | 106600.00 | 107723.07 | 0.69% | 1.17% | 3,225 BTC |
| 6 Hours | |||||||
| Before | 107797.96 | 107993.58 | 106870.00 | 106978.94 | -0.77% | 1.04% | 3,055 BTC |
| During | 106978.94 | 108450.16 | 106600.00 | 107792.55 | 0.75% | 1.71% | 4,445 BTC |
| 8 Hours | |||||||
| Before | 108520.95 | 108759.00 | 107320.00 | 107808.01 | -0.66% | 1.32% | 6,159 BTC |
| During | 107808.02 | 107858.32 | 106600.00 | 107723.07 | -0.08% | 1.17% | 5,125 BTC |
| 12 Hours | |||||||
| Before | 108520.95 | 108759.00 | 106870.00 | 106978.94 | -1.44% | 1.74% | 8,059 BTC |
| During | 106978.94 | 108450.16 | 103575.35 | 103721.52 | -3.14% | 4.49% | 13,025 BTC |
